Bessent: China trade standoff unsustainable Treasury Secretary Bessent says trade standoff with China is unsustainable 02:50 The stock market up sharply on Wednesday following news of a potential de-escalation in the trade war with China and after President Trump said he has no plans to oust Federal Reserve Chair Jerome Powell. The Dow Jones Industrial…
Stocks fell sharply on Monday as Wall Street returned from a shortened trading week and President Trump renewed his criticism of Federal Reserve Chair Jerome Powell, branding him as a “major loser.” The S&P 500 fell 152 points, or 2.9%, to 5,130 in early trading, while the Dow Jones Industrial Average tumbled 1,071 points, or…
Stocks fell sharply on Monday as Wall Street returned from a shortened trading week and President Trump renewed his criticism of Federal Reserve Chair Jerome Powell, branding him as a “major loser.” The S&P 500 fell 152 points, or 2.9%, to 5,130 in early trading, while the Dow Jones Industrial Average tumbled 1,071 points, or…
For China, soaring U.S. tariffs are a “joke,” as Chinese officials put it Friday in sharply hiking levies on American imports. Investors aren’t laughing. Stocks in the U.S. wobbled in early trading Friday as Wall Street absorbed the latest sign of the raging trade war between the world’s two largest economics. After Beijing announced that…
Washington: The stock market rout triggered by US President Donald Trump’s punishing tariff wars wiped over $10 trillion off major markets across the globe. The financial destruction, historic in scale, was equivalent to just over half of the GDP of the European Union, according to a report by Bloomberg. After Trump announced sweeping tariffs last…
Stocks in the U.S. whipsawed as a selloff in early trade Monday abruptly reversed course and opportunistic investors hopped in to scoop up beaten down shares. The S&P 500 fell 3.5% out of the gate, but quickly erased those losses, rising 97 points, or 1.9%, to 5,171 as of 10:21 a.m. EDT. The Dow,…
Stocks in the U.S. opened sharply lower on Friday, extending a slide from the previous trading session triggered by President Trump’s announcement of sweeping new tariffs on U.S. imports earlier this week. The S&P 500 fell 144 points, or 2.5%, to 5,252 as of 9:34 a.m. EST. The Dow Jones Industrial Average tumbled 1,006 points,…
The stock market is poised for a second straight day of sharp declines amid mounting investor concerns about U.S. economic growth and the prospect of a global trade war. Ninety minutes before the start of trade in New York, Dow Jones Industrial Average futures were down nearly 1,500 points, or 3.6%. Futures on the S&P…
The Dow Jones Industrial Average plunged 1,070 points, or 2.5%, to 41,156, shortly after trade opened Thursday as spooked investors tried to assess the impact of the latest round of Trump administration tariffs. President Trump on Wednesday announced a 10% baseline tariff on all U.S. trading partners and higher levies on dozens of countries that…
Financial markets around the world tumbled after President Trump on Wednesday announced a barrage of new tariffs, with U.S. stock futures pointing to a sharp drop when Wall Street opens for business. Roughly two hours before the start of trade at 9:30 a.m. ET, futures for the S&P 500 plunged 190 points, or 3.3%, while…